By Sylvan Lane @ TheHill.com, Jan. 14

Rep. Katie Porter (D-Calif.) lost her seat on the House Financial Services Committee after House Democratic leaders on Thursday rejected her request for a waiver to serve on the Financial Services panel and other committees simultaneously, two House Democratic sources told The Hill.

The Financial Services Committee is one of five House panels deemed “exclusive” by Democratic leaders under caucus rules adopted in July 2020.

Democrats on exclusive committees are barred by caucus rules from serving on any other committee without a waiver from the party’s steering committee, a panel of several dozen lawmakers chaired by Speaker Nancy Pelosi (D-Calif.) that determines committee assignments.

Porter, a former financial law professor known for dressing down administration officials and executives in hearings, was appointed to the Financial Services Committee and received a waiver to serve on the House Oversight and Reform Committee during her first term.

In a Nov. 30 letter to Pelosi, Porter asked to be considered for seats on the Oversight and Reform, Natural Resources, and Financial Services committees — in that order — in the new Congress that began on Jan. 3.

Porter also asked Pelosi to “prioritize” her spot on the Oversight Committee and asked to rejoin the Financial Services Committee on a waiver [....]